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USA Graphite Inc. Comments on Samsung's Success With Graphene

LAS VEGAS, NV -- (Marketwire) -- 12/11/12 -- USA Graphite Inc. (OTCQB: USGT) (the "Company") is excited by Samsung Electronics' progress into commercial applications using graphene.

We would like to let our investors know about the recent commercialization of graphene by world leading electronics company Samsung in its smartphone division and the future use of graphene in the ever increasing tablet-PC market.

As quoted by the Dailymail in the UK:

"Demonstrations of 'bendable' screens have been a staple of technology shows ever since there were screens small enough for us to carry.

Samsung has given the strongest sign yet that the hi-tech devices might become reality.

The company demonstrated 'bendable' AMOLED screens 4.5 inches across and just 0.3mm thick.

Reports this week hint that phones using the technology -- which can be 'rolled up' and survive hammer blows -- will appear in the second quarter of next year.

The technology relies on atom-thick layers of 'graphene' -- sheets of carbon atoms -- sandwiched together, protecting a layer of liquid crystal 'screen'.

Earlier this year, reports leaked that Samsung had the capacity to manufacture large amounts of the screen by 'early 2012' -- but no one knew what they might be for.

Later, pictures of a concept phone using the technology -- the Galaxy Skin -- appeared. Skin was a project carried out by design students using the Samsung logo and Galaxy trademark.

But the potential of the technology is huge.

Phones using Graphene screens would be practically unbreakable, and offer an instant advantage over every other smartphone on the market.

Layers of 'Graphene' -- atom-thick layers of carbon -- will be used to create paper-thin 'foldable' screens in the Samsung Galaxy Skin

'The potential for tablets that can fold to the size of a smartphone is especially exciting -- you could have two gadgets for the price of one,' says Will Findlater, editor of Stuff Magazine."

This futuristic display is made of the material 'Graphene,' touted as "the miracle material," that makes flexible displays a reality. This polyimide substrate will replace the glass that is currently found in displays allowing displays that are "rollable [and] bendable" and can "survive blows from a hammer."

About Graphite:

  • Graphite is used in refractories -- used to line high-temperature equipment; pencils; lithium-ion batteries -- used in consumer electronics and electric vehicles, including the Nissan Leaf, Tesla Model S and others; fuel cells; and Pebble Bed nuclear reactors. It is used in foundries, lubricants and brake linings.
  • Graphite is also used to produce graphene, a tightly packed single layer of carbon atoms that can be used to make inexpensive solar panels, powerful transistors, and even a wafer-thin tablet that could be the next-generation iPad* or iPod*.
  • Graphene, extremely light and strong, has been called the world's next wonder material.
  • The closure of graphite mines in China, which produces 75% of the world's graphite, has resulted in a fall in global graphite production to 1.3 million tonnes per annum in 2011. Like rare earths, China is restricting the export of graphite to protect its own domestic industries. The second largest producer is India, followed by Brazil, North Korea, Austria and Canada.

*trademarks of Apple Inc.

About USA Graphite:

USA Graphite is a publicly traded US exploration company focused on the acquisition, exploration and development of world-class graphite properties in North America. USA Graphite intends to become a domestic (US) graphite supplier. The USGS has reported that the USA has been a 100% net importer of graphite over the last 5 years, sending billions of dollars out of America. USA Graphite has holdings in Nevada, offering considerable potential for the discovery and development of large flake, high-grade graphite, whereby mineralization is exposed at surface and clearly evident at economic depths. For additional information please visit http://www.usa-graphite.com

"Safe Harbor" Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward Looking Statements -- This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings (10K, 10Q's, S-1 and others) with the Securities and Exchange Commission.

Contact:

USA Graphite Inc.
investors@usa-graphite.com
Toll Free 1(888)603-3330

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Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

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